British Petroleum announced today it is suspending preparations to drill in the Libyan desert. And the price of oil is headed up as violent unrest builds in Libya. Mitchell Hartman explains.
Violent protests continue today in Bahrain as the U.S. encourages the government to control the protests. The BBC's Katey Watson reports from Dubai about America's interest in controlling the turmoil in Bahrain.
An Ecuadorean judge has fined oil corporation Chevron more than $9 billion in a case that's spanned over a decade. The judge ruled that the company is responsible for the pollution of forest and rivers in northern Ecuador. Eve Troeh has more.
Jordan is one of the most oil-dependent countries in the Middle East. And the unrest in Egypt has many in Jordan worried that their already-expensive energy costs could rise even further. Stephen Beard reports from Amman.
Bob Moon talks to John Carney from CNBC and Felix Salmon from Reuters about the unemployment problem in Egypt and also the effects that the protests may have on oil prices and the rest of the Middle East.
For more than three decades, Egypt and Israel have had stable relations and a secure border, but not much else between them. That could change depending on what happens next.
BP posted a fourth quarter profit and is paying a dividend again. It's a far cry from the days of the spill when analysts wondered if the company wouldn't go on the auction block.
